Interest Only

614.561.3201

Sellers

Market Analysis

About

Interest Only

Interest only loan programs provide the same features as fixed and variable rate programs, and they additionally offer a lower payment option. With an interest only loan payment option, you pay only the interest portion of the payment but no principal.

Loan Program	Advantages	Disadvantages
Interest Only Programs	Several payment options Lower monthly payments Qualify for a higher loan amount Qualify at the interest only payment Option to pay the full principal and interest payment Interest only payments for up to ten years	Higher rates Principal loan balance will not decrease during the interest only payment period Payment will be higher for the remaining term

An interest only loan can be more expensive compared to a fully amortized loan. Many lenders add a fee of one-quarter point for the interest only option.

Interest only payment options allow you to qualify at the starting interest only payment. This gives you more buying power and a lower monthly payment compared to an amortized loan.

You pay interest based on your principal balance. On an interest only loan, your principal balance does not decrease, therefore, you pay more interest with this option.

:: HUD Homes :: HUD Home Search :: Property Search :: Featured Properties :: Pickerington Sheriff Sales :: Columbus Sheriff Sales :: VA Homes :: Calculators :: Houses under $50,000 :: Houses under $25,000 :: MLS Search :: Market Analysis :: Contact :: Personal Info ::

An Equal Opportunity Company. Equal Housing Opportunity.
All rights reserved.

NYC Free Foreclosure Listings | Bank Owned Properties | Free Foreclosure Alerts - AskForeclosure.net is your Guide to Real Estate Profits in NYC. The Top Resource for New York City Pre-Foreclosure and Foreclosure listings. Listings for all boroughs are available NOW.

We Buy ,Sell Houses ,Free Real Estate Property Listings - We Buy Houses and Stop Foreclosure - We Buy Homes and have Rent to Own Homes. Free Real Estate Listings for Realtors and FSBO

HER Realtor-Homes For Sale-Columbus Ohio Real Estate-Search Search the entire MLS online for homes and condos for sale in Columbus Ohio Real ... Columbus Online Home Search. Residential-Business-HUD-Foreclosures-Short Sales ...

Sam Cooper (HER Real Living): Real Estate Agent in Pickerington, Fairfield County, Ohio